The Indianapolis journal., 1887-05-24
THE BOONI'S FOURTH WEEK
1t Begins with Very Favorable Pros
poets and Sales Aggregating S71,S17.
Property-Owners Eyince More Willingness to
Sell at Reasonable Prices-Eastern Manu-
facturers Looking for Locations Here.

weakening There were many purchasers around
the reaiestate Offices all day, and among the
number were more foreigners than at the begin
ming of any preceding week. II think there will
be more sales this week than since the activity
set in, said a real-estate agent last evening.
The indications that there is going to be less
difficulty to get holders to set price, and be-
sides, q great deal of capital has come in in the
last few days. There great many people
who have property they desire to sell, but they
have imagined tha. fabulous prices would rule in
the future and have refused to name a
price. They are beginning to learn that no
amount of gas excitement can bring fictitious
prices, and are willing to put their property on
the market at the current price"
The unwillineness of many citizens to sell at
reasonable prices to name any price at all upon
their property has done much toward holding
the boom down. An ex-State officer who is, ac-
cordng to reports, rapidly growing rich now,
told Journal reporter, yesterday, that two
weeks ago a party OF capitalists had agreed to
form a syndicate. with a capital stock of $780,
000 to purchase Indianapolis real estate, and he
selec ted to find desirable land for the in
vestment For three days be drove about the
city hunting for good tracts Of land. The only
real estate that he could get any prices on had
been raised in value from 200 to 400 per cent,
and all that be put on his list amounted, in the
aggregate. to about sl25. 900. The capitalists
held R meeting. looked over the list and the To-
cation of the different tracts of land the map,
and, after thoroughly discussing the matter,
reached the conclusion that Indianapolis land
owners were not anxious enough to sell to make
1t worth while for their syndicate to buy here
Within the past week real-estate agents and
attorneys have received great many inquiries ,ss
from Eastern manufacturers regarding the
price of suitable ground for manufacturing sites.
Several firms have already authorized purchases
here, or are sending persons TO ascertain the real
advantages of the city. An attorney VINO has
been in correspondence with several firms. stated
last evening that he was surprised that more OF
effort is not being made to advertise the ad-
vantages of the city abroad. Many people In
other cities have wrong impression of Indian
apolis, formed during the time of the panic. and
tie numerous bank failures. No effort has ever
been made to restore the confidence abroad
The demand for inside property seems to be
increasing and several of the most important
deeds recorded yesterday We're for business
blocks in the heart of the city. John NJ Todd
& Co. yesterday sold the Pierce property front
ing 72A feet on Georgia street. between Illinois
and Meridian streets, to Hendrickson, Letfier 81
Co., for $23. 900 cash. The firm will at once
erect on the site n handsome block. to cost
$25, 900. The addition is made necessary by
their rapidly growing business. Another large
deed involved a consideration of SIC. 400 1t was
for the business block at No. 2l8 East Washing
ton street, now occupied by Charles Feller q Co.
The sale was made by the Berkshire Life Insur-
A.
lots described in the deeds were mostly west and
north of the city. The Haughville addition sup
piled a large number The farms recently sub
divided there are being rapidly disposed of-per-
haps for the reason that the lots the cheap
around the city. They are bringing 500 to
$3.50 an aero. Several sales were made in North
Woodlawn Place changed hands at the usual
price, $3.50 each. The deeds recorded were as
follows:
Henry d. Hesse to Mary L. billiard. lots
1 and in Moore Taylors subdivis- eoso oo
Ella Anderson to. Thos, E; spafford lots
32 and 33 in Moore & Taylors subdi- 400 M
vision, in Haughville- 3So.oo
Chas. E. Coffin to Fred w. Prange, lot Is
in c. E. Coffn's East Vermont-street
addition to Indianapolis ooo.oo
Frances l.. Harrison to Pernecia y.
Stubbs lot 16 in block in North In --ooo
Cora j Burrows to Kate NJ. McLane lot
to IndenaDoiis oiGen Do sonns0n ae'.s 2,25ooo
Waiter b, Jones to Amelia quail lot 10
in Campbell subdivision of lot or block
27. Johnson's heirs addition to Indian 90
MaPou;s aPous E. Power to Aionzo A. Zion.
lots So 81 So. SO, 81 and 55 in Nc
Cartys third West-side addition to In
VIM 5. Hubbard. trustee, to James R.
Ryan. lot 20 in Hamlin's subdivision Of
outlot in Drake & Mayhew's second
john s s. SIS spann al % to Isaac King lots 363 and
364 in Spann & Cos second Woodawn ooo oo
Mason J. osgood to Albert W. Hail. lot6
in block !, in North Park additiont to In roo 90
Henry b. Pierce and wife to Chas. W. Lef
Ter and Jos. w. Lunt. part of lots D and
in Indianapolis. being Nos. SO and 81 -.
South Meridian street .---;. %o'ooo.oo
VIM Wallace. receiver. to Anna Wright,
lots 81 and So in Dorsey's subdivision
of A. E. & 1. Fletcher's Oak Hill addi- ,oooo
tion to Indianapolis Izo.oo
Anna Wright to Isabella McElhennen, oooo
same lots last above loo.oo
Albert McLane to Louisa NJ. Closer, part
of lot 3 in outlot 81. in Indianapolis 4,1oo-oo
Elizabeth Talbot to BENZ. f. Hitz. lot 20
tn tn IndisDspolis iaioo' fev''so 1880
Frank G. scRweerer to Christian II wiles,
lot 8 and part of 10 in Goodlet g. Thorn aoa-o
toms subdivision in Haughville. 262oO
William G. Kneae to Christian r. Wiles,
lot IL and part of lot 10 in Goodet
Thornton subdivision in Haughvie. 2625O
Joseph Haas to Nathan Morris lot ~ in
Alvord s. Co.'S subdivision of Butler s. ooo oo
Fletcher's addition to Indianapolis 0.oooOO
Berkshire Life Insurance Company TO
square rnH 60 in Indianapolis India 90 10000
Butler University M RS T to James w Morris.
lot 7s in Buffers Grove addition to In ~
Margaret Il. Wilcox to Frank B. Fowler.
Indianapolis. dian .'D- 1D. - 100000
Indianapolis .-'......---..---.-- 5,5ooOo
George W. Cheatham to Arthur Jordan,
lot in Vests heirs addition to Indian
apolis ---------------------- ooooo
Conveyances %; consideration 81, $3.50
The following building permits were issued
Yesterday: VIM. b. Burford. repair of business
block on Illinois street, near MARYLAND street.
$3.50; Thomas E. Endley. erection of a barn
Park avenue, Tenth street, $50: A. A.
Peterson repair of residence at No 267 West
North street, $3.50; e. Fl. Eldrdge & Co., addi-
tion to office Alabama street, near South,
800: Peter Fritz, brick business block, at No.
76 South Delaware street, 81 O00 G. NJ. Coal
speel. frame ice house on Dunlap street. near
Madison avenue. 5000; r. NJ. Bolin. frame store
and house combined Thomas street, near
West, ST.. 100; Lydia Marshal, frame addition to
house at No. "a Hovt avenue, $40.
Rx " sails IA hest hats has tha larrest